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Fed plans to release its review of SVB failure this Friday

Apr 26, 2023 | NewsWatch Today
The Federal Reserve Board said it will release its review of the supervision and regulation of Silicon Valley Bank at 11 a.m. (Eastern time) this Friday.

ICBA supports FSOC votes proposing stricter standards for largest nonbanks

Apr 25, 2023 | NewsWatch Today
ICBA applauded the Financial Stability Oversight Council’s unanimous votes to propose new interpretive guidance on nonbank financial company designations and an analytic framework for identifying potential risks to financial stability from certain activities.

ICBA backs bill supporting mortgage applicant financial privacy

Apr 25, 2023 | NewsWatch Today
ICBA expressed support for legislation to give mortgage applicants more control over their private financial information.

OFAC sanctions individuals for cyber efforts supporting North Korea

Apr 25, 2023 | NewsWatch Today
The Treasury Department’s Office of Foreign Assets Control sanctioned three individuals for supporting North Korea via illicit financing and malicious cyber activity.

Interview discusses how to control FedNow fraud

Apr 25, 2023 | NewsWatch Today
In a new Payment Security interview, ICBA Bancard Executive Vice President and Chief Operating Officer Rebecca Kruse discusses how community banks can put anti-fraud controls in place to prepare for the forthcoming launch of the FedNow Service.

Recent failures not shaking consumer trust in banks: poll

Apr 21, 2023 | NewsWatch Today
The recent failures of large financial institutions has not shaken consumer trust in the banking industry, according to a new Morning Consult poll.

ICBA seeking feedback on National Campaign webinars

Apr 21, 2023 | NewsWatch Today
ICBA is requesting community banker feedback on how to focus upcoming webinars on the ICBA National Campaign.

Grassroots push on 1071 rule continues

Apr 21, 2023 | NewsWatch Today
ICBA continues calling on community bankers to urge their members of Congress to support a House resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 rule.

FHFA proposes rule to codify fair lending requirements

Apr 20, 2023 | NewsWatch Today
The Federal Housing Finance Agency requested comment on a proposed rule that would formalize many of the agency’s existing practices and programs regarding fair housing and fair lending oversight of its regulated entities.

FDIC: Failures won’t have material impact on DIF restoration

Apr 19, 2023 | NewsWatch Today
The FDIC said it does not expect losses from recent bank failures to materially affect the restoration of the Deposit Insurance Fund, and policymakers continued to signal support for a risk-based special assessment.

New ICBA podcast on SVB fallout

Apr 19, 2023 | NewsWatch Today
The latest episode of ICBA’s “Independent Banker” podcast focuses on fallout from the recent failures of large banks and the opportunity for community banks to shine.

ICBA, states urge House to pass resolution nullifying 1071 rule

Apr 19, 2023 | NewsWatch Today
ICBA and 44 state community banking associations called on the House of Representatives to approve a resolution to nullify the Consumer Financial Protection Bureau’s 1071 final rule.